Updated - Ministerial declaration of assets published
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Updated - Ministerial declaration of assets published

The ministers meeting in Cabinet.

The ministers meeting in Cabinet.

Updated - adds declarations of parliamentary secretaries

The declarations of the financial assets of government ministers and parliamentary secretaries were tabled in parliament this evening.  Many of the declarations were handwritten and barely legible.

The declarations were the following:

PRIME MINISTER JOSEPH MUSCAT

Residence in Burmarrad.

Bank deposits: €70,000

Directorships or other appointments:Honorary President St Gaetan Band Club, Ħamrun.

Income 2012: €42,075.

DEPUTY PRIME MINISTER LOUIS GRECH

Residential property in Swieqi; unconverted residential property in Żebbuġ (Malta).

16242 BOV shares, MSV Life Flexplan: €30,606.

Shares: 99 Ltd 500 shares, MSV Life single premium €78,000, La Valette Bond Fund €102,355, Middlesea Insurance ordinary shares 2,500,

FEV Electonic Ltd 400 shares (dormant), 12,4000 BOV Plc. Subordinated bonds 2020.

Deposits with local banks: Current €4,214, Savings €11,213, One year term €87,154, BOV fidda account €20,000

Income for 2012 up to 13 March: MEP salary and allowances, Malta government pension.

FOREIGN MINISTER GEORGE VELLA

Property: tenement in Marsascala, tenement in Żejtun, grave in Żejtun.

Shares and other interests: various Government bonds total €143,176. Bonds: various - €101,165, Bonds in Scotland €22,000.

Money in Banks: BOV €72,114.

Income in 2012: €66,000.

TOURISM MINISTER KARMENU VELLA

Properties: residence in Birżebbuġa, residence Marsascala, two flats and a garage in Birżebbuġa, flat in St Paul's Bay, field in Żurrieq, field in Qrendi, field in Żejtun, 25 per cent of plot in Qormi, portion of property in Birkirkara, third of property in Żurrieq.

Shares and other interests: 50 per cent in Multi Joint Projects Co Ltd, Micallef Vella and Associates.

Money in banks: €140,000

EDUCATION MINISTER EVARIST BARTOLO

Residential home acquired through loan.

Money in banks: APS savings €5,000, HSBC Savings €11,000.

Income in 2012: MP honoraria €20,110, Sound and Vision €12,000, University €20,080.

ENVIRONMENT MINISTER LEO BRINCAT

Property: residence

Shares and other interests: MSV life comprehensive endowment policy estimated value €21,281, MSV Investment Bond Joint Unit Linked estimated value €26,842, 4.8 per cent BOV subordinated bond 2010 €10,000, 5.1 per cent Government stock 2022 €9,551, 4.6 per cent MGS 2020 €8,000, 6.25 per cent Tuman Investments plc bonds 2014-16 €4,500, 6.2 per cent Tuman Investment bonds 2020 €3,000, 6 per cent SFC bonds €800, 5.1 per cent MGS 2014 €4659, 5.35 per cent BOV subordinated bonds €6,500, 5.9 per cent HSBC subordinated bonds €5,200.

Personal - joint current account €2,901, joint savings account €500, personal savings €2219, BOV savings €5409 (with wife), BOV term €5171 (with wife), €11,646 (with wife).

Bond holdings: MSE €6100, €4659, €10,000

Directorships and other posts ended in March:

Income 2012: €32,500, Pension €12,240, wife €103.51, Parliamentary honoraria €20,129.

Infrastructure Minister Joe Mizzi

Residence in Kalkara, family grave at the Addolorata.

Money in banks: overdraft HSBC €7,000.

Directorships and other posts: administration Labour Party.

Income 2012: - €31,335 House of Representatives, €21,424 Loqus Services Ltd.

GOZO MINISTER ANTON REFLAO

Properties: residence in Victoria, three flats in Marsalforn, garage and office in Victoria, flat in Msida, three flats in Qbajjar, half of a tenement in Xlendi, office in Għarb, office in Żebbuġ (Gozo), office, two flats and garage in Xewkija, property in Qala, half of property in Qala, three flats in Xlendi, a third of arable land in Xlendi.

Money in banks: €38,598.

Income in 2012: Parliamentary Honoraria €20,129, Lawyer €6,470, Salary of Mikelina Refalo €18,560.

Loans: €830,371.

PUBLIC DIALOGUE MINISTER HELENA DALLI

Property in Marsascala and in Sanctuary Street, Żabbar.

Shares bonds and other interests: 99 per cent shareholding in Paba Builders Ltd, 50 per cent shareholding Elcar Developments Ltd, 50 per cent shareholding PR Co Ltd, 33.3 per cent shareholding Blacktop Ltd.

Non-trading companies 33.3 per cent shareholdings in Parklands Ltd. 50 per cent shareholding in Carters Supermarkets Ltd, 33.3 per cent Tadar Ltd. 100 per cent shareholding Paba Shipping Ltd.

In liquidation: 50 per cent shareholding SJP Tarmac Ltd. 50 per cent PB Construction Ltd.

Money in banks: total €12,150 HSBC current account; €6,238 HSBC current account; €2,837 BOV current account; €439 BOV saving account, €6,642 BOV fixed account.

Directorships or other posts: University lecturer.

Income in 2012: University €15,787, Parliamentary honoraria €20,129.

Loans: Visa €6,774

ECONOMY MINISTER CHRIS CARDONA

Property: Fort Mansions Żabbar, tenement in Bwieraq Street, Birkirkara, villa in Madliena.

Shares and other investments: 25 per cent Sapmac Co Ltd.

Money in banks: €60,000.

Directorships: Sapmac Ltd.

Income in 2012: €23,430.

Outstanding loans: €577,000

SOCIAL POLICY MINISTER MARIE-LOUISE COLEIRO

Property: residence in Balzan, office in Qormi, husband's family residence in Valletta.

Shares and other interests: MSV Life €6,013.

Money in banks:€6,470.24

Income in 2012: €20,129

Outstanding loans: €31,239

HOME AFFAIRS MINISTER EMANUEL MALLIA

Property: 25 per cent of an inheritance from parents consisting of rents, ground rents and properties. 19 Windmill Street, Valletta, villa in Sannat, three flats in Msida, property in Msida Seafront, 25 per cent undivided share of land at Burmarrad, 50 per cent share in a property in Romania.

Investment grade bonds: €1,138,909.05

Non-investment grade bonds: €57,406.16

International equities: €15,765.49

Securities: €59,674.57

Money in banks: BOV €203,056.48; €70,000 bank account, €495,000 cash.

BOV Loan: amount to be disclosed later.

FINANCE MINISTER EDWARD SCICLUNA

Property: residence in Naxxar.

Shares and other interests: Applied Economics Consulting Ltd - 1000 shares/loan, various government bonds €18,7120 (own) €226,090 (spouse) and €83,393 (joint).

Money in banks: €70,000 joint account, €38,000 (own).

Posts: part-time professor at University, Member of the European Parliament up to March 2013, Chairman of the Cottonera Waterfront Group, Chairman HSBC Malta Fund Sicav, Chairman HSBC Structured Gunds Sicav, Director San Antonio Hotel, and Director Applied Economics Consulting Ltd (all resigned in March).

ENERGY MINISTER KONRAD MIZZI

Property: house in London.

Shares: MIA shares 4,000

Money in banks: €341,713

Directorships or other posts: - partner Program Planning Professionals UK

Income in 2012: €54,260.

HEALTH MINISTER GODFREY FARRUGIA

Three properties in Żebbuġ, properties in Żurrieq and Żejtun.

Bonds: IMG Bank MV €24,000, Australian and NZ €22,000, RABO Bank Netherlands €21,000, GE Australia Fund €20,000, HSBC Bank €2,800,

MGS €2,330; €3,495; €23,000, 6 p.m. Holdings €2,312, BOV plc - €7,579.

Money in banks: €3,000.

Directorships and other posts: president of St Philip Band Club, Mgarr Philharmonic Society and Qrendi St Mary Band Club.

Income in 2012: €61,104.

Loans: BOV overdraft €60,000, Loan 339,070.

PARLIAMENTARY SECRETARY OWEN BONNICI

Property - residence in Marsascala with wife. Offices in Zejtun and Vallett.

Money in banks - €2,000.

Directorships and posts - Teaching associated in the Faculty of laws.

Income in 2012 - €36,610.

Expenses €6,567

Loans BOV House loan €64,878. Car loan €6,524.

PARLIAMENTARY SECRETARY IAN BORG

Property - apartment in Dngli, office in Rabat, office in Dingli.

Money in banks - €10,000 in BOV.

Income in 2012 €14,819

Loans €24,000.

PARLIAMENTARY SECRETARY JOSE' HERRERA

Property - one sixth of tenement in Sliema, one sixth tenement in St Paul's Bay, flat in Sliema, garage in SLiema, garden in Mosta, tenement in Valletta, house in Lija, one third property under development in Zejtun.

Shares and other interests - Equities and securities - 25.92 Demir Bank AO €6,426, 172 ALB Common GDRs $4,399. 309 ALB GDRs preference. 11.02 ALB Recovery Note €8,746. 12107 units VTA Bank JSC Recovery Note $6,107 and 28.3 units in BTA Bank JSC - GDR $3982.

Money in banks - HSBC current €500. HSBC current €600. HSBC current €10,000. HSBC term - €130,000. Banif savings €120,000. HSBC savings $5000. 

Income in 2012 - €51,387.

PARLIAMENTARY SECRETARY STEFAN BUONTEMPO

Property - Villa at The Village. one eighth share of tenement in Valletta.

Shares and other interests - 24,900 ord shares in D'aniens Development Ltd.

Money in Banks - €2,732.

Director of D'aniens Development Lrd (up tp March 31)

Income 2012 - €20,129 from parliament.

Loans - €100376.

PARLIAMENTARY SECRETARY RODERICK GALDES

Residence in Qormi. Office and tenement in Luqa, office in Qormi, shell tenement in Xaghra Gozo and studio in Middlesex UK.

Money in Banks HSBC €18,592. and HSBC UK £3,100.

Income 2012 €49,741.

Loans €166,947 mortgage loan and €9,000 personal loan.

PARLIAMENTARY SECRETARY EDWARD ZAMMIT LEWIS

Property half of office in Valletta, residence in Lija, tenement in Birkirkara and apartment in Nadur.

Shares and other interests - 3358 shares in BOV

Money in Banks €115,000.

Income 2012 - €79,000 (with spouse)

Loan HSBC €150,000

PARLIAMENTARY SECRETARY FRANCO MERCIECA

Property - residence in Qala, flat in Marsalforn, two flats in Sliema, flat in Birkirkara, house 50% in Victoria, land in Qala. 

Shares and other interests - 1000 shares in Menfi Ltd value €1000 and shareholders' loan of €656,724. MSV capital guaranteed bond 2014 €115,766.

Money in banks - €82,891.

Income in 2012 - €116,245.

 

 

 

 

 

 

 

 

 

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